Nikhil Merchant files SEBI Regulation 31(4) disclosure for substantial acquisition in SWAN CORP LIMITED
Nikhil Merchant submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to NSE. Regulation 31(4) mandates continuous disclosure by persons having crossed the 5% shareholding threshold or those moving toward a mandatory offer trigger (25% threshold). The filing was archived on NSE's corporate disclosure system on 16 Jun 2026. Without access to the full disclosure document, the exact stake percentage, transaction value, and terms remain unconfirmed from secondary sources.
Why it mattersThis is a mandatory disclosure filing under the takeover code; the filing itself (not the underlying transaction) marks regulatory compliance gating and triggers public disclosure of open interest in the target - precedent: post-filing, the acquirer faces either mandatory offer thresholds or exemption conditions under Regulation 10.
Sector—
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Corporate Disclosures – SWAN CORP LIMITED · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
Related deals
- Indo-National Limited: Acquisition29 Jul 2026
- Shah Metacorp Limited: Rights Issue Allotment Intimation30 Jun 2026
- Jagrut Kumar Patel files SEBI Takeover Regulation 31(4) disclosure with NSE29 Jun 2026
- Ashish Virendrabhai Shah files SEBI Takeover Regulation Disclosure under Regulation 31(4)29 Jun 2026
- Jaimin Kailash Gupta files SEBI Takeover Disclosure for Varvee Global Limited24 Jun 2026
- Crizac Limited: Disclosure under SEBI Takeover Regulations23 Jun 2026